LOAR vs PBR: Correlation
Loar Holdings Inc. (LOAR) and Petroleo Brasileiro S.A. Petrobras (PBR) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOAR and PBR?
Across a 3-year window, the weekly returns of LOAR and PBR correlate at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -446.4 %².
Out of 23 assets tracked against LOAR, PBR lands near the bottom at #19. The last year tells two different stories: PBR led by 56.5 percentage points, -0.4% for LOAR against +56.1% for PBR.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
LOAR vs PBR: side by side
| LOAR (Loar Holdings Inc.) | PBR (Petroleo Brasileiro S.A. Petrobras) | |
|---|---|---|
| 1-year return | -0.4% | +56.1% |
| 5-year return | n/a | +417.1% |
| Volatility (ann.) | 49.2% | 32.9% |
| Beta vs S&P 500 | 1.21 | -0.08 |
| Max drawdown (3Y) | -46.0% | -26.9% |
| Market cap | $6.8B | $117.6B |
| P/E (trailing) | 102.9 | 4.5 |
| Dividend yield | 0.00% | 20.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOAR | PBR |
|---|---|---|
| 2022 | – | +57.2% |
| 2023 | – | +89.2% |
| 2024 | – | -2.3% |
| 2025 | -8.0% | -1.1% |
| 2026 | +7.5% | +60.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOAR and PBR good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOAR and PBR?
As of 2026-08-27, the correlation of weekly returns between LOAR and PBR is -0.27 over 3 years, -0.35 over 1 year and n/a over 5 years.
Is PBR a good diversifier for LOAR?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/loar-vs-pbr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/loar-vs-pbr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LOAR correlations · PBR correlations
